Canada’s unemployment rate has hit a 7-year high, reaching 6.7 per cent in August. This increase comes as a disappointment to many, as it is the highest it has been since May 2017. The rise in unemployment is a concerning trend for the Canadian economy, signaling potential struggles in the job market. With the slight uptick from July’s numbers, it is clear that there are challenges ahead for those seeking employment in Canada. As the country grapples with the economic impacts of the global pandemic, the rise in unemployment serves as a reminder of the ongoing uncertainty in the labor market.
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Video “Canada’s unemployment rate hits 7-year high: StatCan” was uploaded on 09/07/2024 to Youtube Channel Global News